please note i do not have a formal super or SMSF , i went for a straight investment portfolio ( for better or worse ) as i wanted full control on the decisions

( as i was aiming for a retirement income fund , not something to build up then liquidate )]]>5$1 million is never worth less than $500,000Thu, 19 Apr 2018 03:10:18 +0000https://www.investchat.com.au/community/threads/1-million-is-never-worth-less-than-500-000.10067/
https://www.investchat.com.au/community/threads/1-million-is-never-worth-less-than-500-000.10067/invalid@example.com (twisted strategies)twisted strategies$1 million is never worth less than $500,000 - Cuffelinks

of course add a little share-market meltdown into the mix ( and the increased chance of dividend cuts )

Fund info -
Balance: $500,000
Annual Contributions: $2,000 (our main source of issue in obtaining finance), and limited ability to make any further contributions.
Member Age: 50
Investment Property: Anywhere between $250k older unit and $450k newer standalone property.
LVR: Open to suggestion to make a deal work.

Although the fund actually has enough money to buy a property outright, the members would like to borrow...

having an idea of what outcome is desired , is a very important precursor for decision-making for me .]]>SMSF purchase off and lease livestockMon, 06 Nov 2017 20:58:25 +0000https://www.investchat.com.au/community/threads/smsf-purchase-off-and-lease-livestock.9411/
https://www.investchat.com.au/community/threads/smsf-purchase-off-and-lease-livestock.9411/invalid@example.com (Meyers)Meyers
Is the SMSF able to purchase and lease breeding stock (cattle). There are livestock leasing options available through rural banks and agents.
The SMSF's cash would be used. Does this have to be stated in the deed if it is possible. It is a legit option for investment returns in the current climate.]]>6SMSF strategy residential propertySun, 15 Oct 2017 02:28:59 +0000https://www.investchat.com.au/community/threads/smsf-strategy-residential-property.9510/
https://www.investchat.com.au/community/threads/smsf-strategy-residential-property.9510/invalid@example.com (drfuzzy)drfuzzy
I'm late 30s and have about $240k in super with a retail fund. I have significant assets outside of super and an income circa $200k and am happy to take risk with my super.

My plan was to establish an SMSF and purchase a house circa $800k-$900k in a location that will ultimately gentrify and borrow up to $700k to do it. The house would be mostly for land value and the yield would not be great, however my income would cover the shortfall from the rent. I have been contributing...

Our family home is situated on the property.
We do not earn an income from the property, it isn't part of a business.
We are in early 60s, still in accumulation phase.
Can we assign the lease of the 120sq meters to our SMSF?

There are several companies who buy-out the lease on telco...

Assign lease to SMSF]]>8Like for like comparisons for Superannuation portfoliosThu, 28 Sep 2017 22:38:41 +0000https://www.investchat.com.au/community/threads/like-for-like-comparisons-for-superannuation-portfolios.9902/
https://www.investchat.com.au/community/threads/like-for-like-comparisons-for-superannuation-portfolios.9902/invalid@example.com (bowasd)bowasd
How do we compare a Superfund's portfolio asset allocation against another? Assuming the investment option you're in is 'balanced', you'd match that up with the other fund's balanced options however different funds build their portfolios differently. So wondering how you would go about doing a comparison to decide between funds?]]>3Starting a SMSF with older parentsMon, 25 Sep 2017 04:32:56 +0000https://www.investchat.com.au/community/threads/starting-a-smsf-with-older-parents.9899/
https://www.investchat.com.au/community/threads/starting-a-smsf-with-older-parents.9899/invalid@example.com (Alemilyx)AlemilyxStarting a SMSF with older parents]]>22 x SMSF Commercial Property buyMon, 18 Sep 2017 05:31:44 +0000https://www.investchat.com.au/community/threads/2-x-smsf-commercial-property-buy.9892/
https://www.investchat.com.au/community/threads/2-x-smsf-commercial-property-buy.9892/invalid@example.com (wholly)whollyScenario:
Found and industrial Property off the Plan to purchase (eg. total cost $250K) - NEW BUILD!

Proposal:
Two Separate SMSF will each own 50.00% of the unit. (There will be a commercial lease at market rates)
Both personal SMSF have 2 members each and are individual trustees.

Funding:
100% Cash purchase (50.00% each SMSF)
however looking to create it as a vehicle to unlock the equity and purchase more property via mortgages etc. Using the power of the lease...

2 x SMSF Commercial Property buy]]>4Pension reductionMon, 18 Sep 2017 02:12:34 +0000https://www.investchat.com.au/community/threads/pension-reduction.9895/
https://www.investchat.com.au/community/threads/pension-reduction.9895/invalid@example.com (ethereal)ethereal
Can we do it by "paper" transactions rather than selling some shares to obtain enough cash, transferring the pensions to personal bank accounts then making contributions or does the ATO...

Pension reduction]]>Low cost super fundsSat, 05 Aug 2017 02:42:14 +0000https://www.investchat.com.au/community/threads/low-cost-super-funds.9856/
https://www.investchat.com.au/community/threads/low-cost-super-funds.9856/invalid@example.com (rattler)rattler
Started reading Barefoot investor last night, and turned out we were already doing most of what Scott Pape is suggesting in the book except "Low Cost Super Fund". I am set up with colonial first state from day 1 since I moved to Australia. He recommended HostPlus in the book, but did not mention pro/cons of it.
Scouring through forums, there are some really bad reviews for HostPlus. Whats the general opinion on low cost super funds ?]]>529, want to get into SMSF, not sure where to startFri, 04 Aug 2017 07:53:31 +0000https://www.investchat.com.au/community/threads/29-want-to-get-into-smsf-not-sure-where-to-start.9759/
https://www.investchat.com.au/community/threads/29-want-to-get-into-smsf-not-sure-where-to-start.9759/invalid@example.com (12monkeys)12monkeys
I'm 29 and have a super with Colonial First State and want to get more control over my super and wanted to look into SMSF but I'm not sure where to start and how to best run this.

From my basic knowledge, I manage it myself, but I still need to use a broker or service provider?

I've bought property and shares on my own, but I am missing the link as to how SMSF work to join these dots.

Can anyone point me to an idiots guide to understanding and process of transitioning to a SMSF?]]>7accumulation growth and transfer to pension modeFri, 04 Aug 2017 06:44:29 +0000https://www.investchat.com.au/community/threads/accumulation-growth-and-transfer-to-pension-mode.9859/
https://www.investchat.com.au/community/threads/accumulation-growth-and-transfer-to-pension-mode.9859/invalid@example.com (Tallis)Tallis
I read in some documents how quickly some funds reduce.
Does a Income providing account, let's call it a pension account, continue to grow based on unit prices and the fluctuations of market once it's in pension mode. My accumulation account aims at growing 3% above CPI as a base target. Should I draw out LESS...

Non concessional contributions to super]]>1Smsf queryTue, 02 May 2017 07:55:53 +0000https://www.investchat.com.au/community/threads/smsf-query.8841/
https://www.investchat.com.au/community/threads/smsf-query.8841/invalid@example.com (becca)becca2Property investing with super.Tue, 25 Apr 2017 00:49:22 +0000https://www.investchat.com.au/community/threads/property-investing-with-super.9767/
https://www.investchat.com.au/community/threads/property-investing-with-super.9767/invalid@example.com (Uri)UriProperty investing with super.]]>9Total Permanent Disability and Disability Support PensionMon, 17 Apr 2017 05:03:31 +0000https://www.investchat.com.au/community/threads/total-permanent-disability-and-disability-support-pension.8152/
https://www.investchat.com.au/community/threads/total-permanent-disability-and-disability-support-pension.8152/invalid@example.com (wataguuy)wataguuy
I am a 38 year old male with a wife and 2 young children. I have been on a Centrelink Disability Support Pension for just over 2 years now and my wife has been on carers pension for almost 12 months. I have recently been told that I will never be able to return to work, by my doctor and surgeon. (I have had 2 failed back surgeries).
I have just realized that I have a old but active superannuation account with insurance for TPD and that I am still currently insured for $209K.
What...

Total Permanent Disability and Disability Support Pension]]>7TPD Insurance through super fund payout question.Thu, 13 Apr 2017 00:51:34 +0000https://www.investchat.com.au/community/threads/tpd-insurance-through-super-fund-payout-question.5164/
https://www.investchat.com.au/community/threads/tpd-insurance-through-super-fund-payout-question.5164/invalid@example.com (Fireblade)Fireblade
My wife has a TPD insurance policy through her super fund and has made a claim on it due to her ill health.

Claim has been accepted by the super funds insurance company and the super fund has received the cheque.

The super fund is now saying that the proceeds of the cheque have to be paid into their account and held in some "cash option holding" (could not quite get the terminology right)...for nearly 2 weeks and can not tranfer the cash to our account till the...

TPD Insurance through super fund payout question.]]>15NetwealthMon, 03 Apr 2017 06:10:14 +0000https://www.investchat.com.au/community/threads/netwealth.9758/
https://www.investchat.com.au/community/threads/netwealth.9758/invalid@example.com (Kimrida66)Kimrida66
They are wholesale super people?? Whatever that means at present my super in 5 different places going backwards thanks Kim]]>4Fee Free Super AccountWed, 22 Mar 2017 09:53:14 +0000https://www.investchat.com.au/community/threads/fee-free-super-account.9754/
https://www.investchat.com.au/community/threads/fee-free-super-account.9754/invalid@example.com (hiflo)hiflo
I was with ING Living Super and recently received and email in which it stated that it will start charging fees of $5.00 per month. ie $60 per year.

I am a low income earner, and my average employer contribution is about $500-$1000 per year and my balance stands around at $30,000. I don't know whether super contribution will be continuous because my source of income varies and in the past I did not have any contributions for 3 years. So not knowing whether there will be any...

Fee Free Super Account]]>3TPDTue, 21 Mar 2017 12:56:18 +0000https://www.investchat.com.au/community/threads/tpd.9694/
https://www.investchat.com.au/community/threads/tpd.9694/invalid@example.com (John19)John19
I am 57 (58 in Apr) I am about to go through the process of applying for a TPD. My policy is part of my superannuation ( which is currently sitting idle as I am not working) my question; if I am successful in my application, can I have the payout "sit" in my super until I turn 60, then draw down to take advantage of any tax benefit ?]]>3Alan Kohler: Super should be nationalisedTue, 21 Mar 2017 11:45:55 +0000https://www.investchat.com.au/community/threads/alan-kohler-super-should-be-nationalised.9753/
https://www.investchat.com.au/community/threads/alan-kohler-super-should-be-nationalised.9753/invalid@example.com (Simon Hampel)Simon Hampelhttp://www.theaustralian.com.au/bus...d/news-story/5a014169249de1d5563342ac1bddd43b

... there should be one national fund, providing whole of life savings. That is, not simply coughing up a cash lump sum at retirement, to be taken off to a financial adviser and skimmed and invested until it’s all gone.

Mandatory super savings should be collected into a single national fund that saves to retirement and then pays a pension...

Click to expand...

Alan Kohler: Super should be nationalised]]>3independent super balance assessmentSun, 19 Mar 2017 14:40:41 +0000https://www.investchat.com.au/community/threads/independent-super-balance-assessment.9750/
https://www.investchat.com.au/community/threads/independent-super-balance-assessment.9750/invalid@example.com (Fuzzy)Fuzzyindependent super balance assessment]]>Change SMSF strategy after a yearFri, 10 Mar 2017 03:50:29 +0000https://www.investchat.com.au/community/threads/change-smsf-strategy-after-a-year.9733/
https://www.investchat.com.au/community/threads/change-smsf-strategy-after-a-year.9733/invalid@example.com (JJ2017)JJ2017
If my initial SMSF strategy is to buy a vacant block of land ($550) 5kms from the CBD and hold onto it for 10+ years BUT, let's say, after a year or so I change my mind and decide that I'd be much better off investing in residential property that has a dwelling and rental income, does anyone know if I am am I able to:

1. After a year or so change my strategy to new strategy (sell...

Change SMSF strategy after a year]]>4Setting up SMSF - TPD, Insurance optionsTue, 07 Mar 2017 07:59:56 +0000https://www.investchat.com.au/community/threads/setting-up-smsf-tpd-insurance-options.9673/
https://www.investchat.com.au/community/threads/setting-up-smsf-tpd-insurance-options.9673/invalid@example.com (Hosko)Hosko
Currently considering setting up a SMSF with around $300k balance.
A question around what do people who have set up their SMSF do for TPD, Life insurances, and similar that for most employees is held by their super fund. It is required at my current stage of life with wife, young kids, bills to pay so non-negotiable not to have it.

Thanks for your feedback]]>9Superannuation scamsSun, 05 Feb 2017 14:17:29 +0000https://www.investchat.com.au/community/threads/superannuation-scams.9711/
https://www.investchat.com.au/community/threads/superannuation-scams.9711/invalid@example.com (Tropo)Tropo"Even savvy investors have been caught out by dodgy investment schemes and marketing.
Cold-calling is common and the scams often involve share, mortgage, or real estate high-return schemes, options trading or foreign currency trading. The scammer is often operating from overseas, and will not have an Australian Financial Services Licence"...
...

Superannuation scams]]>1smsf 4 commercial investmentWed, 18 Jan 2017 03:10:11 +0000https://www.investchat.com.au/community/threads/smsf-4-commercial-investment.9653/
https://www.investchat.com.au/community/threads/smsf-4-commercial-investment.9653/invalid@example.com (bjm)bjm
have a few question.
Scenario : Have $300k in smsf,want to purchase commercial land [2 acres] with house on it asking $600k with the intention of creating a live in business on property ie.self storage units.Have a further $350k of personal funds to use towards the development of the property and business.
1. Is it possible to borrow 50% in a SMSF if I intend to be the tenant.
2. Am I allowed to develop this property while under finance using my own funds.
3. Can I create a live in...

smsf 4 commercial investment]]>3Excess Super ContributionsMon, 09 Jan 2017 11:03:43 +0000https://www.investchat.com.au/community/threads/excess-super-contributions.9698/
https://www.investchat.com.au/community/threads/excess-super-contributions.9698/invalid@example.com (Hedgy)Hedgy
I run an SMSF and on 30 June 2016 I was 48 years of age. I am an employee and historically my salary was such that my employer's compulsory super contributions never exceeded the concessional contributions cap--I would then normally salary sacrifice the difference to get me to the concessional cap level. However, I have recently taken a new job that has given me a considerable pay rise. The problem I now have is that as a consequence of my pay...